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Biden Administration Backs Legislation to Seize Frozen Russian Assets (www.bloomberg.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 10 months ago* (last edited 10 months ago)

The blowback I'm referring to wouldn't be kinetic, it'd the loss of the monetary hegemony provided by American lead banking system and the USD being used as the global reserve currency.

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